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Fed holds rates steady; here's what that means for your wallet

Fed holds rates steady; here's what that means for your wallet

Finance
The Federal Reserve's decision Wednesday to keep interest rates steady came as a relief to many investors. And that trend may continue. The Fed also indicated in a statement that no more hikes likely will be coming this year. In a unanimous move, the central bank's policymaking Federal Open Market Committee took a sharp dovish turn from policy projections just three months earlier. The Fed has already raised the federal funds rate nine times in three years, and those previous hikes are benefiting many consumers in the form of better savings yields. He...
Companies are hiring! Here's how to get a foot in the door

Companies are hiring! Here's how to get a foot in the door

Finance
If you are job hunting this year, you could be in luck. The unemployment rate is at 3.8 percent while the number of Americans filing applications for jobless benefits fell this past week. Forty percent of employers said they plan to hire full-time, permanent employees in 2019, according to CareerBuilder's annual study on the state of the labor market. However, half of all human resource managers said they can't find qualified candidates to fill their open positions, CareerBuilder found. ...
Here's how investors can save the planet and still make some money

Here's how investors can save the planet and still make some money

Finance
You've read it in the headlines: Temperatures are rising and icebergs are melting. And as more evidence points to the growing influence of climate change, one area is sure to be impacted: big business. As evidence, take PG&E's recent bankruptcy filing following the wildfires that ravaged California over the past two years. The company's equipment has been blamed for contributing to those disasters. But another factor — the hotter climate and drier terrain in California and broader region — also contributed to the problem. ...
Forget splurging on designer duds or devices, here's how Americans plan to spend their tax refunds

Forget splurging on designer duds or devices, here's how Americans plan to spend their tax refunds

Finance
It's hard to not get excited about receiving a tax refund. For many Americans, that annual check from Uncle Sam offers a rare opportunity to better their financial footing, and fewer adults these days want to blow it on an excursion or new iPhone. On average, taxpayers expect to receive $ 3,030 back from the IRS, according to a recent report by GoBankingRates. And after a slow start, the average refund is now up to $ 3,143 for the week ending Feb. 22, according to the IRS. That's just about on par with last year's figures, despite the recent downward ...
Someone hit the $267 million Mega Millions jackpot. Here's the tax bite

Someone hit the $267 million Mega Millions jackpot. Here's the tax bite

Finance
Someone in New Jersey woke up an awful lot richer on Saturday. After two months of no one hitting the Mega Millions jackpot, the $ 267 million top prize was nabbed in Friday night's drawing by a single ticket sold in the Garden State. (The winning numbers are 29, 33, 39, 60 and 66; Mega Ball 21). Of course, the winner won't end up with the advertised amount, thanks to the taxman waiting in the wings for a piece of the loot. Lottery officials are required to withhold 24 percent of big lottery wins for federal taxes. And that's only...